Why the Next Wave of Seniors Are Worried About Retirement

Generation X, adults ages 44-59, are inching closer to retirement and many of them are scared about their prospects. According to an article by Think Advisor, 43 percent of Gen Xers say they plan to claim Social Security before they reach full retirement age because they are concerned that the Social Security trust fund may run out of money or stop making payments.

Even more concerning, only 14 percent of Gen Xers think they have saved enough money for retirement. More than half worry they will have to return to work just to pay their bills.

The Seniors Trust is committed to improving the financial well-being of America’s retirees through the passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and will ensure the long-term solvency of the Social Security program.